Search Results for keywords:"digital user accounts"

Search Results: keywords:"digital user accounts"

H. J. RES. 190 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans.
July 18, 2024
Status:Introduced in House
Congress:118
Words:235
H. J. RES. 190 seeks to reverse a rule established by the Bureau of Consumer Financial Protection. This rule relates to the "Truth in Lending (Regulation Z)" and involves using digital user accounts to access "Buy Now, Pay Later" loans. The joint resolution proposes that this...
Simple Explanation
Congress wants to undo a rule about using online accounts to take out "Buy Now, Pay Later" loans, saying it should not count anymore. This means the rule would stop working, but it's not clear why they are doing this or what happens next for people using those loans.
H. J. RES. 195 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans.
August 02, 2024
Status:Introduced in House
Congress:118
Words:243
H. J. RES. 195 aims to nullify a rule put forward by the Bureau of Consumer Financial Protection. The rule in question involves the "Truth in Lending (Regulation Z)" and the use of digital user accounts for accessing Buy Now, Pay Later loans. This joint resolution expresses...
Simple Explanation
H. J. RES. 195 is like when someone says "no" to a new rule about how people can borrow money using special online accounts called "Buy Now, Pay Later." If the rule is stopped, it won't be used anymore.

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